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One day delay for stop orders in Enhanced System Tester
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Joined: 11/14/2008(UTC)
Posts: 16
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I have a question about the use of stop orders in the enhanced system tester of Metastock 10:
Order limits are executed at the price that generates the stop detection but I would like to use the price of the open of the next day.
The reason to do this is that when you are trading a mutual fund is not possible to use real stop order in the market, like when you trade in a stock, therefore the only possible think to do in the real world, in case of a stop signal by trading system, is to place an order that will be executed at the next day price.
For mutual fund open, close, max and min price are (obvious) the same therefore it isn't relevant which to use in the system tester
The "Strategic delay" option in the "Sell Order" tab of System Editor is useful only to simulate the delay in receving the data form the data provider and it isn't what I need, which is to simulate a delay in the EXECUTION of the stop, not in the relevation by the system.
The "Delay order opening" option in "System Testing options" works well only for Market terms order but has no effects on sell signal generated by a stop
could you help me please? I don't have the fainest idea how to sort out this matter quite important for me
thank you very much
Bisto
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Rank: Advanced Member
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Joined: 10/28/2004(UTC)
Posts: 3,111
Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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I haven't tested this myself, but give it a try and see if it works --
Use Ref(x,-1) to set the exit criteria back by one bar, then use the trade execution settings to close the trade at OPEN as found on the "Trade Execution" dialogue i.e. the same dialogue where you can select "Realistic Market Prices"; don't use a strategic delay.
If it works it works, if it doesn't work we'll have to think about something else.
Hope this helps.
wabbit [:D]
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Rank: Member
Groups: Registered, Registered Users
Joined: 11/14/2008(UTC)
Posts: 16
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Thanks for the answer Wabbit, at the end I managed to solve the problem as you could read at http://forum.equis.com/forums/28412/ShowThread.aspx#28412 cheers Bi[censored]> 
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One day delay for stop orders in Enhanced System Tester
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